Accounting (ACCT)

ACCT 101 Fundamentals of College Accounting 3 Units
Prerequisite: None.
General Education: AA/AS Area II(b)
Hours: 54 hours LEC
This accounting course focuses on basic accounting practices which emphasize a practical application approach to the use of accounts, journals, ledgers, and financial statements. This course is recommended for students who intend to seek employment in the business office of a sole proprietorship organized for service or sales activity.

ACCT 103 Intermediate Accounting - part I 4 Units
Prerequisite: ACCT 301. Grade of "C" or better required to meet prerequisite.
Hours: 72 hours LEC
This course provides a continuing study of the measurement and reporting of the results of operations and the financial condition of profit-directed business entities. Special emphasis will be given to the valuation of assets using the Financial Accounting Standards Board (FASB) as authority. Completion of ACCT 103 and 104 is required to complete the "advanced accounting" requirement for accounting classifications in state service. This course is not intended for transfer to a four-year college.

ACCT 104 Intermediate Accounting 4 Units
Prerequisite: ACCT 103. Grade of "C" or better required to meet prerequisite.
Hours: 72 hours LEC
This course is a continuing study of the measurement and reporting of the results of operations and the financial position of profit-directed business entities. An emphasis is placed on accounting for stockholder's equity, long-term liabilities, retained earnings, and dividends. This course and ACCT 103 constitute the "advanced accounting" requirement for some professional-level accounting classifications in California state service. ACCT 104 is not intended for transfer to a four-year college.

ACCT 107 Auditing 3 Units
Prerequisite: ACCT 301 with a grade of "C" or better
Advisory: ACCT 103 and 104
Hours: 54 hours LEC
This course covers the procedures and practices used in the verification of financial statement balances and accounting transactions. The types of audits and audit occupations as well as the legal liabilities of the auditor will be discussed. This course is acceptable as elective units toward civil service professional accounting education requirements.

ACCT 111 Cost Accounting 3 Units
Prerequisite: None
Advisory: ACCT 311.
Hours: 54 hours LEC
This course is an introduction to cost accounting methods, including job order, process and standard cost system. Special attention will be given to managerial uses of cost accounting. This course is not intended for transfer to a four-year college.

ACCT 121 Payroll Accounting 3 Units
Prerequisite: None.
Advisory: ACCT 101 or 301
Hours: 54 hours LEC
This course is a study of payroll and personnel records, procedures and regulations. The course will include a study of the various California and Federal laws pertaining to the computation of earnings and withholdings. Payroll tax payment requirements and preparation of the employer's California and Federal payroll tax reports will be included. A comprehensive simulation project will be completed as part of the course. The project will include one quarterly payroll reporting cycle.

ACCT 125 Federal and State Taxation 4 Units
Prerequisite: None
Hours: 72 hours LEC
This course is a study of basic Federal and State Income Tax regulations with an emphasis on the skills necessary for the preparation of individual income tax returns. Included are filing requirements, determination of taxable income, allowable deductions, tax computation, tax credits, other taxes, payment methods, and audit procedures. The course is acceptable as elective for civil service professional accounting operations and recommended for accounting majors.

ACCT 295 Independent Studies in Accounting 1-3 Units
Prerequisite: None
Hours: 18 hours LEC ; 54 hours LAB

ACCT 299 Experimental Offering in Accounting .5-4 Units
Prerequisite: None
Hours: 72 hours LEC

ACCT 301 Financial Accounting 4 Units
Prerequisite: None.
Advisory: ACCT 101, BUS 105, or MATH 125
General Education: AA/AS Area II(b)
Course Transferable to UC/CSU
Hours: 72 hours LEC
This is the study of accounting as an information system. The course provides students with an understanding of the nature and purpose of accounting and its function in business. The principles and concepts underlying transaction analysis and recording; financial statement preparation, disclosures, and analysis; and ethical issues are addressed. The course includes units on inventories, internal control, cash, receivables, fixed and intangible assets, current and long-term liabilities, stockholders' equity, income tax, and investments.

ACCT 311 Managerial Accounting 4 Units
Prerequisite: ACCT 301. Grade of "C" or better required to meet prerequisite.
Course Transferable to UC/CSU
Hours: 72 hours LEC
This course is a study of the use and reporting of accounting data for managerial planning, cost control, and decision making purposes. The course includes broad coverage of concepts, classifications, and behaviors of costs. Study will include cost-volume-profit relationships, short and long-term budgeting, and contribution reporting.

ACCT 341 Computerized Accounting 2 Units
Prerequisite: ACCT 101 and 301 with grades of "C" or better; Two years of high school accounting.
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB
This is a course using the computer to prepare financial accounting statements and reports used in business. Areas of study include general ledger, accounts payable, accounts receivable, inventory, payroll, and depreciation. The ability to type 20-30 words a minute and to use a ten-key calculator by the touch method will be useful for completing class assignments.

ACCT 495 Independent Studies in Accounting 1-3 Units
Prerequisite: None
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB

ACCT 498 Work Experience in Accounting 1-4 Units
Prerequisite: None.
Advisory: ENGWR 101
General Education: AA/AS Area III(b)
Enrollment Limitation: Student must be in a paid or non-paid internship, volunteer opportunity, or job related to career interests.
Course Transferable to CSU
Hours: 18 hours LEC ; 60-300 hours LAB
This course provides students with opportunities to develop marketable skills in preparation for employment or advancement within their current job. Course content will include understanding the application of education to the workforce; completion of required forms, which document the student's progress and hours spent at the work site; and developing workplace skills and competencies. During the course of the semester, the student is required to fulfill a 16 hour orientation and 75 hours of related paid work experience, or 60 hours of unpaid work experience, for one unit. An additional 75 or 60 hours of related work experience is required for each additional unit. The course may be taken four times for credit, when there is new or expanded learning on the job, for a maximum of 16 units.

ACCT 499 Experimental Offering in Accounting .5-4 Units
Prerequisite: None
Course Transferable to CSU
Hours: 18 hours LEC ; 54 hours LAB

updated 08/10/10